You are looking at a one-year loan of 13000 the interest, Ask an Expert

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You are looking at a one-year loan of $13,000. The interest rate on a one-year loan is quoted as 12.7 percent plus two points. What is the EAR? (Round your answer to 2 decimal places. (e.g., 32.16))

Effective annual rate %

Is your answer affected by the loan amount?

Affected

Not affected

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Financial Management, Finance

Category:- Financial Management
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